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Jobs Report Sends Indexes Spiraling Downward Closing Fractionally Lower

Jobs Report Sends Indexes Spiraling Downward Closing Fractionally Lower

Summary Of the Markets Today: The Dow closed down 87 points or 0.22%, Nasdaq closed down 0.23%, S&P 500 closed down 0.11%, (Closed at 5,347, New Historic high 5,375) Gold $2,310 down $81.40, WTI crude oil settled at $75 down $0.24, 10-year U.S. Treasury 4.432 up 0.151 points, USD index $104.94 up $0.84, Bitcoin $69,204 […]
Charter Schools Showcase The Power Of Educational Freedom

Charter Schools Showcase The Power Of Educational Freedom

Public schools are losing students to charter education, and government officials are doing whatever they can to bail them out. depositphotos On March 6th, Colorado House Bill 1363 was proposed. The legislation included several anti-charter school reforms, including decreasing funding and allowing public schools with declining enrollment to prohibit new charter schools within the district. However, with the […]
Non-Conventional Water Resources – Surface And Subsurface Sources

Non-Conventional Water Resources – Surface And Subsurface Sources

There are a number of different ways to address a shortage of water: Get equal value from less water  (Conservation) Find more water from surface and groundwater  sources Have more precipitation (Increase the velocity of water)  depositphotos In this article, we discuss “Finding More Water from Surface Water and Groundwater.Recently, Dr. Bruce M. Thomson, Regents Professor […]
Inflation’s Strain Remains Gold’s Bane

Inflation’s Strain Remains Gold’s Bane

depositphotos We start with inflation.  Year-to-date we’ve diligently documented that ’tis nowhere near the Federal Reserve’s sought 2% target.    And not that you need be reminded, but with May inflation readings commencing next week, let’s briefly reprise April’s inflation summary as herein presented a week ago.  The data speak for themselves:  Now a week hence, yesterday’s StateSide jobs […]
Read It And Weep

Read It And Weep

depositphotos 1. Bad monetary policy produces inflation and/or recessions. But the greatest cost of bad monetary policy is that it leads to bad policies in other areas, including wasteful fiscal stimulus, protectionism, bank bailouts and price controls. In China, an overly restrictive monetary policy has led the government into a project involving the purchase of large […]
How Much Did The BLS Birth-Death Adjustment Pad The May Jobs Report?

How Much Did The BLS Birth-Death Adjustment Pad The May Jobs Report?

This question comes up every month. And every month, people who have no idea how the model works post inaccurate analysis.  Birth-Death Adjustment Yet AgainThe above statement by Peter Schiff and similar statements by others are false. Schiff should know better. Even prominent economists make the same mistake.Unfortunately, others repeat this stuff over and over without […]
Paper, Metal, And Memes

Paper, Metal, And Memes

US GDP in 1971 was barely over $1 trillion. Total debt was only about $1.5 trillion. Today, GDP is near $28 trillion, but much of the spending is ‘on credit’ with total debt approaching $100 trillion. depositphotos “Never allow the demands of tomorrow to interfere with the pleasure and excitement of today.” —The Music Man  Suppose an entrepreneur (or […]
Melancholia – AI Version

Melancholia – AI Version

 Photo by Steve Johnson on UnsplashDuring my recent trip to the Bay Area, I met lots of people who are involved in the field of AI. My general impression is that this region has more smart people than anywhere else, at least per capita. And not just fairly smart, I’m talking about extremely high IQ individuals. I don’t […]
Wintermute CEO questions Ethereum’s leadership paradox amid celebrity memecoin controversy

Wintermute CEO questions Ethereum’s leadership paradox amid celebrity memecoin controversy

Evgeny Gaevoy, CEO of Wintermute, said if Ethereum fails in the future, it will not be because of technical shortcomings compared to competitors like Solana. Instead, the core issue is the contradiction in Ethereum’s leadership. “If ETH fails in the future it [won’t] be because ‘Solana is faster’, it will be because the [ETH] ‘elite’ […]
CoT: Peek Into Future Through Futures, Hedge Funds Positions

CoT: Peek Into Future Through Futures, Hedge Funds Positions

Following futures positions of non-commercials are as of June 4, 2024.10-year note: Currently net short 454.8k, up 66.6k. The FOMC meets next week. This will be the fourth meeting this year, and four more remain. The fed funds has been held steady for the sixth meeting in a row. The last hike was last July, when […]